Petronas awards Sabah's Mutiara cluster to Dialog in first MBR 2025 Deal
KUALA LUMPUR (June 13): Petroliam Nasional Berhad (Petronas) through Malaysia Petroleum Management (MPM) has awarded the first Small Field Asset Production Sharing Contract (SFA PSC) for the Mutiara Cluster offshore Sabah under the Malaysia Bid Round 2025 (MBR 2025).
The national oil company in a statement today said the contract covers a sub-block within the Sandakan Basin and was awarded to Dialog Resources Sdn Bhd (Dialog) as the sole operator with 100 per cent participating interest.
It added that the Mutiara Cluster is the first PSC awarded under MBR 2025 and is expected to achieve first production by 2029.
It said the Mutiara Cluster consists of five fields, namely Nymphe, Nymphe North, Kuda Terbang, Benrinnes, and Mutiara Hitam.
'Strategically positioned off the coast of Sabah's East Coast, the SFA PSC is envisioned as a catalyst to open up Sandakan Basin for further exploration.
'It also supports broader value creation and local participation, in line with Petronas' aspiration to unlock Malaysia's position as an attractive destination for upstream investments,' it said.
MPM senior vice president Datuk Bacho Pilong said the award of the Mutiara Cluster marks progress in tapping the untapped potential of Sabah's East Coast.
'We welcome Dialog as a valued partner in this journey to deliver early and sustainable value from the Sandakan Basin.
'This award reflects the growing confidence in Malaysia's upstream opportunities and the competitive terms offered under MBR 2025.
'As an industry shaper, MPM remains committed to facilitating impactful partnerships and catalysing investments that not only advance national energy aspirations but also uplift regional development in collaboration with the Sabah State Government,' he said.
He added that MPM is also looking forward to welcoming more investors to Block SB505, another key opportunity offered under MBR 2025 to unlock the Sandakan Basin's full potential. MBR 2025 oil and gas Petronas sabah
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Sun
an hour ago
- The Sun
Sabah targets 100% boost in OGSE contracts for local firms in 2024
KOTA KINABALU: The Sabah government, in partnership with Petronas and industry players, plans to double the value of oil and gas services and equipment (OGSE) contracts awarded to Sabah-based firms in 2024. Chief Minister Datuk Seri Hajiji Noor announced the initiative during the 12th Sabah Oil, Gas, and Energy Conference and Exhibition. Hajiji emphasised the state's commitment to local participation, targeting full employment of Sabahans in non-technical roles and at least 80% in technical positions within the OGSE sector. 'This reflects our dedication to building a resilient energy ecosystem using local talent,' he said. The Chief Minister highlighted significant growth in contract values, from RM341 million in 2021 to over RM2 billion by the end of 2023. Sabah contributes nearly 40% of Malaysia's oil production and 20% of its gas output, reinforcing its pivotal role in the national energy sector. To strengthen Sabah's position as an OGSE hub, the state government, through SMJ Energy Sdn Bhd, has acquired stakes in key projects like the Samarang PSC and Sabah Ammonia Urea plant. Sabah Energy Corporation also expanded its role as Malaysia's largest domestic gas supplier after acquiring Petronas' onshore gas contracts. Hajiji acknowledged Petronas and industry partners for their support, citing the 2021 Commercial Collaboration Agreement as a key driver of progress. The state has also formed the Sabah Local Content Council and a Joint Task Force for Mandatory Sharing to ensure local firms remain competitive.
Daily Express
3 hours ago
- Daily Express
Sabah targets 100 per cent increase in OGSE job contracts
Published on: Thursday, July 03, 2025 Published on: Thu, Jul 03, 2025 Text Size: Phoong witnesses the signing of MoUs. The Sabah Government aims to achieve a 100 per cent increase in OGSE job contracts for local companies this year, in collaboration with Petronas and industry stakeholders. Chief Minister Datuk Seri Hajiji Noor said the goal is for Sabahans to fill all non-technical and at least 80 per cent of technical roles in the sector. He said this commitment reflects the state's aim to strengthen local participation and create a resilient, homegrown energy ecosystem. His speech, delivered by Industrial Development and Entrepreneurship Minister Datuk Phoong Jin Zhe, noted that OGSE contracts for Sabahan firms rose from RM341 million in 2021 to over RM2 billion by the end of 2023. Hajiji said Sabah's oil and gas sector, contributing nearly 40 per cent of Malaysia's oil and 20 per cent of its gas, must evolve into a centre for OGSE innovation and sustainable practices. He highlighted state-led efforts through SMJ Energy to secure equity in key assets and praised Sabah Energy Corporation's expanded role after taking over Petronas' onshore gas contracts. He also thanked Petronas and partners for their support and urged continued collaboration through initiatives like the Sabah Local Content Council, the OGSE Sub-Committee, and the Kinabalu Activity Outlook. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
The Star
4 hours ago
- The Star
Economic and trade empowerment
ROME: Italy is looking to Malaysia to partner with, in its quest to level up in the economic and trade sectors, says Italian Deputy Prime Minister Antonio Tajani. Tajani, who is also Foreign Affairs and International Cooperation Minister, said Malaysia is one of the most progressive nations around with whom it had been building partnerships in the two sectors. 'The relations between Italy and Malaysia have always been good. Now, we look to build it further,' he said at a courtesy call to Prime Minister Datuk Seri Anwar Ibrahim here. He reiterated what Anwar said earlier about the importance of having peace and stability as the foundation to support and grow the business sector. 'We have many big companies and we are ready for joint ventures and investments abroad. 'Italy is also the second most industrious country in Europe,' he said, adding that this only meant Italy had a lot to offer. Anwar said Malaysia is an excellent partner to have since it has policies that are dynamic and clear. He said PETRONAS, being one of the top companies globally, is more than ready to move together with the European nation. Asean, he said as regional chair, is the most peaceful area in the world and economically most promising. Next-level ventures: Anwar shaking hands with Tajani during a courtesy call in Rome. The PM is on a three-day official visit to Italy, with the highlight of the trip being a meeting with his counterpart, Italian Prime Minister Giorgia Meloni. — Bernama 'This will certainly pave the way for a greater cooperation.' He expressed gratitude for Tajani's visit as it reflected both nations' commitment to strengthen bilateral relations based on mutual respect and understanding. 'We have been talking about expanding our cooperation in various fields, including relations between Asean and the European Union,' he added. Anwar said they also spoke about regional and global conflicts including that in Gaza, Ukraine, Iran and Israel. He also spoke about his admiration for the rich Italian history, literature and art. He mentioned how touched he was when reading about Dante's Inferno, listening to the world-famous song Caruso and how the works of Leonardo da Vinci had impacted the world. His remarks brought loud and appreciative applause from the Italian audience at the meeting. He said he watched how Italy transformed itself, embracing the AI (artificial intelligence) realm, 'and I look forward to increasing cooperation with Italy'. Anwar also met the Muslim community in Rome headed by Italian Muslim Community Association deputy president Imam Yahya Pallavicini and Italian Cultural Centre secretary-general Abdellah Redouane to exchange ideas on strengthening the community's development. Earlier, the Prime Minister met translator Andrea Fais and Stefano Bonilauri, publisher of The Asian Renaissance, written almost 30 years ago. 'I'm touched that they chose to translate this into Italian,' Anwar said of his book that spoke about the rise of the Asian civilisation through culture, education and justice in the face of Western dominance. 'This effort will undoubtedly close the gap between Western and Eastern understanding, especially in a divisive world we live in.'
